In a recent analysis of the cryptocurrency market, Doctor Profit has highlighted key regions that could potentially drive Bitcoin’s price to new heights in a short amount of time. The community has been closely watching Bitcoin’s performance over the past week, and Doctor Profit’s insights have injected optimism among investors. Doctor Profit’s analysis delves into
Bitcoin
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a
The previous week was tumultuous for Spot Bitcoin ETFs as they failed to attract strong inflows consistently day after day. This trend of consecutive daily outflows indicates a potential waning of bullish sentiment among institutional traders. The impact of this lackluster investor interest is evident in the price of Bitcoin, which dropped to as low
The recent decline in Bitcoin’s price has not only affected the overall cryptocurrency market but has also had a significant impact on the spot Bitcoin ETF market. Data from BitMEX Research has revealed that BTC ETFs have been experiencing negative netflows for the past four trading sessions. This downward trend has been particularly noticeable in
The recent surge in Bitcoin’s value to reclaim the $67,000 mark has left many traders reeling from unexpected liquidations. Approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period, as revealed by data provided by Coinglass. Major exchanges like Binance, OKX, Bybit, and Huobi were the battlegrounds for these significant financial setbacks,
After experiencing a significant drop, Bitcoin managed to recover as Wednesday came to a close, climbing from $61,000 to $67,000. This price jump sparked optimism in the cryptocurrency community, hinting at a potential bullish trend on the horizon. However, it is crucial to note that despite this recovery, Bitcoin has not reached its previous week’s
Bitcoin, the flagship crypto token, has shown promising fundamentals that suggest it is well-positioned for growth in the current bull market. Despite this positive outlook, the recent price decline of Bitcoin has raised concerns among investors. Data from the on-chain analysis platform CryptoQuant indicates that the supply of Bitcoin on exchanges has decreased by nearly
Bitcoin’s price recently experienced a significant drop, falling from a high of over $73,600 to a low of under $60,800, resulting in a -17% loss in value. Alex Krüger, a well-respected figure in both macroeconomics and the crypto space, identified several key factors contributing to this crash. According to Krüger, excessive leverage in the market,
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets amounting to $1.5 trillion, has made a significant announcement regarding its plans to explore diversification opportunities that involve Bitcoin. This initiative is part of a broader strategy that includes traditional investments such as gold, as well as unconventional
The recent events in the cryptocurrency market have shaken investors as Bitcoin prices have taken a sharp nosedive. After a period of significant gains and record highs, Bitcoin has dropped to a weekly low of $65,000. This sudden downturn has left many investors reeling, with the current price sitting at $65,710. The 24-hour and weekly
